The "Dreaded September" Is The Worst Month For Stocks, But This Year May Be An Exception

As we enter what BofA's chief technician Stephen Suttmeier calls "the dreaded month of September", the recent market swoon, where the S&P has dropped in a straight diagonal line for over 100 points since Sept 1...

... reminds us why this has traditionally been the weakest month for markets: seasonality going back to 1928 shows that September is the worst month of the year for the S&P 500, which is up just 44% in September with an average loss of -1.16% and -0.49% median.